SB-573
Budget & Economy

Personal Income Tax Law: exclusions: guaranteed income pilot programs.

Introduced
CA
2025-2026 Regular Session
0
0
Track

Key Takeaways

  • Extends tax exemption for guaranteed income pilot program payments through July 2031.
  • Provides continued financial relief to vulnerable Californians receiving pilot program payments.
  • Takes effect immediately upon passage as a tax levy.

Summary

Senator Smallwood-Cuevas proposes extending California's tax exclusion for guaranteed income pilot program payments through July 1, 2031, maintaining financial support mechanisms for program participants. The measure continues the current policy that allows recipients to exclude these payments from their gross income calculations for state tax purposes.

The legislation maintains the existing framework while adjusting the sunset dates, with the exclusion becoming inoperative on July 1, 2031, and formal repeal taking effect January 1, 2032. This represents a five-year extension from the current expiration date of July 1, 2026. The bill's findings note that the extension aims to continue support for vulnerable Californians, though no data collection requirements are included in the measure.

As a tax levy, the legislation would take effect immediately upon enactment, requiring a majority vote for passage. The measure makes no changes to program operations or eligibility requirements, focusing solely on extending the tax treatment of payments received through qualified pilot programs.

Key Dates

Next Step
Referred to the Senate Standing Committee on Revenue and Taxation
Next Step
Senate Committee
Referred to the Senate Standing Committee on Revenue and Taxation
Hearing has not been scheduled yet
Introduced
Senate Floor
Introduced
Introduced. Read first time. To Com. on RLS. for assignment. To print.

Contacts

Profile
Tim GraysonD
Senator
Committee Member
Not Contacted
Not Contacted
Profile
Tom UmbergD
Senator
Committee Member
Not Contacted
Not Contacted
Profile
Angelique AshbyD
Senator
Committee Member
Not Contacted
Not Contacted
Profile
Lola Smallwood-CuevasD
Senator
Bill Author
Not Contacted
Not Contacted
Profile
Jerry McNerneyD
Senator
Committee Member
Not Contacted
Not Contacted
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Profile
Tim GraysonD
Senator
Committee Member
Profile
Tom UmbergD
Senator
Committee Member
Profile
Angelique AshbyD
Senator
Committee Member
Profile
Lola Smallwood-CuevasD
Senator
Bill Author
Profile
Jerry McNerneyD
Senator
Committee Member
Profile
Suzette ValladaresR
Senator
Committee Member

Get Involved

Act Now!

Email the authors or create an email template to send to all relevant legislators.

Introduced By

Lola Smallwood-Cuevas
Lola Smallwood-CuevasD
California State Senator
10% progression
Bill has been formally introduced and read for the first time in its house of origin (2/20/2025)

Key Takeaways

  • Extends tax exemption for guaranteed income pilot program payments through July 2031.
  • Provides continued financial relief to vulnerable Californians receiving pilot program payments.
  • Takes effect immediately upon passage as a tax levy.

Get Involved

Act Now!

Email the authors or create an email template to send to all relevant legislators.

Introduced By

Lola Smallwood-Cuevas
Lola Smallwood-CuevasD
California State Senator

Summary

Senator Smallwood-Cuevas proposes extending California's tax exclusion for guaranteed income pilot program payments through July 1, 2031, maintaining financial support mechanisms for program participants. The measure continues the current policy that allows recipients to exclude these payments from their gross income calculations for state tax purposes.

The legislation maintains the existing framework while adjusting the sunset dates, with the exclusion becoming inoperative on July 1, 2031, and formal repeal taking effect January 1, 2032. This represents a five-year extension from the current expiration date of July 1, 2026. The bill's findings note that the extension aims to continue support for vulnerable Californians, though no data collection requirements are included in the measure.

As a tax levy, the legislation would take effect immediately upon enactment, requiring a majority vote for passage. The measure makes no changes to program operations or eligibility requirements, focusing solely on extending the tax treatment of payments received through qualified pilot programs.

10% progression
Bill has been formally introduced and read for the first time in its house of origin (2/20/2025)

Key Dates

Next Step
Referred to the Senate Standing Committee on Revenue and Taxation
Next Step
Senate Committee
Referred to the Senate Standing Committee on Revenue and Taxation
Hearing has not been scheduled yet
Introduced
Senate Floor
Introduced
Introduced. Read first time. To Com. on RLS. for assignment. To print.

Contacts

Profile
Tim GraysonD
Senator
Committee Member
Not Contacted
Not Contacted
Profile
Tom UmbergD
Senator
Committee Member
Not Contacted
Not Contacted
Profile
Angelique AshbyD
Senator
Committee Member
Not Contacted
Not Contacted
Profile
Lola Smallwood-CuevasD
Senator
Bill Author
Not Contacted
Not Contacted
Profile
Jerry McNerneyD
Senator
Committee Member
Not Contacted
Not Contacted
0 of 6 row(s) selected.
Page 1 of 2
Select All Legislators
Profile
Tim GraysonD
Senator
Committee Member
Profile
Tom UmbergD
Senator
Committee Member
Profile
Angelique AshbyD
Senator
Committee Member
Profile
Lola Smallwood-CuevasD
Senator
Bill Author
Profile
Jerry McNerneyD
Senator
Committee Member
Profile
Suzette ValladaresR
Senator
Committee Member